ID.me Awarded $1.2 Million Grant

September 18, 2013

3:43 pm

Yesterday, digital verification network ID.me, announced that they have been awarded a $1.2 million grant from the Commerce Department’s National Institute of Standards and Technology. The funding will be put to use as they further develop and strengthen their online identification and verification technology.

Specifically, ID.me is looking to earn Level of Assurance 3 credentials from the General Services Administration. That means that members who use the platform, like military and public safety personnel, can concretely identify themselves online across various federal agencies.

The grant funding is awarded to different companies, advocacy groups, and government agencies who are building identification technology dedicated to improving online security and privacy. While ID.me secured $1.2 million, there was $7 million total awarded to five different companies by the National Strategy for Trusted Identities in Cyberspace.

“To be a part of the president’s national strategy is a huge stamp of approval,” says Matthew Thompson, co-founder of ID.me. “We can now achieve things on the roadmap that were not feasible for the next couple of years,” continues the other co-founder, Blake Hall.

ID.me provides these individuals an opportunity to access online discounts and benefits after verifying their identity and position. There are currently over 200,000 service members and veterans using ID.me’s subsidiary Troop ID to obtain online benefits.

This grant will lend a vast amount of credibility and legitimacy to the ID.me platform as they continue to grow and seek partnerships with larger scale companies. Additionally, ID.me is expecting to receive a second grant from the same agency next year for $1.6 million.

Did you like this article?

Get more delivered to your inbox just like it!

Sorry about that. Try these articles instead!

Will is a Senior Writer with Tech.Co, based out of America’s Finest City: San Diego. He covers all territory West of the Mississippi river, digging deep for awesome local entrepreneurs, companies, and ideas. He’s the resident Android junkie and will be happy to tell you why you should switch to the OS. When he’s off the clock, Will focuses his literary talent on the art of creative writing…or you might find him surfing in Ocean Beach.

Follow Will on Twitter @WJS1988

  • Shares

Leave a Reply

  • (will not be published)
Startup_Mixology_300x250